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RMC No. 72-2013: Publishes the full text of Department Order No. 052-2013 entitled “Formalizing the Fiscal Intelligence Unit (FIU) Under the Office of the Secretary of Finance”

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Summary

RMC No. 72-2013 publishes the full text of Department Order No. 052.2013 of the Department of Finance, Formalizing the Fiscal Intelligence Unit (FIU) Under the Office of the Secretary of Finance.

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Key points

  1. Nature of the FIU. The FIU is the DOF data analytics unit.
  2. Revenue sources and leakages. It identifies potential revenue sources and leakages. It analyzes data from the Bureau of Internal Revenue, Bureau of Customs, Bureau of Local Government Finance and other revenue generating agencies attached to the Department, and compares it with third party information.
  3. Monitoring and other functions. It monitors the revenue performance of the implementing offices of the revenue generating agencies, in coordination with their statistics divisions. It recommends improvements to the Secretary of Finance to help achieve targets, and performs other functions the Secretary identifies.

Who is affected

  • Fiscal Intelligence Unit, Department of Finance

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.